Name: 1124 Pennsylvania Ave, Miami Beach | MLS® A11873913
SKU: a11873913
Price: 3300000.0 USD
Availability: InStock

$3,300,000 Sale

Listed 12 hours ago

1124 Pennsylvania Ave

MLS® a11873913 Multi Family

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Beds · 0

Baths · 0

Parking · 0

Sqft · 8140

Est. mortgage

$12,519/mo

Property Taxes

$33,824/yr

Association Fee

$0.00/mo

Key Facts

Key facts for 1124 Pennsylvania Ave

Property Type

Apartment, Fourplex

Parking

0 parking

MLS #

A11873913

Size

8140 sqft

Basement

Listed on

Lot size

Tax

$33,824 /yr

Days on Market

Year Built

1948

Maintenance Fee

$ 0/mo

Description

12 units Exclusive Investment Opportunity in Miami Beach Almost completely renovated 12-unit, 8,140 SF low-rise buildingseamlessly blends historic charm with modern appeal, offering investors a prime multifamily asset in a prestigiouslocation. Property Highlights: ? Turnkey Investment – Fully renova...ted with new roof (August 2024) ? Strong RentalHistory – 95% occupancy rate, ensuring stable cash flow ? Unit Mix & Sizes: 8 Studios (Avg. 500 SF) – Rented at$1,650/month - 4 One-Bedroom Units (Avg. 700 SF) – Rented at $2,100/month ? Recertification Passed – Fullycompliant and up to code ? Projected Cap Rate: 6.76% upon rental completion ART DECO` DISTRICT

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Full Property Details

Interior

Washrooms

Square Footage

8140 sqft

Heating

Electric

Air Conditioning

Yes

Cooling

Electric

Flooring

Parquet

Appliances

Unspecified

Washrooms

Square Footage

8140 sqft

Heating

Electric

Air Conditioning

Yes

Cooling

Electric

Flooring

Parquet

Appliances

Unspecified

Exterior

View

Unspecified

Waterfront

Unspecified

Parking Spaces

Total Parking Spaces

Garage Spaces

Zoning

3900

View

Unspecified

Waterfront

Unspecified

Parking Spaces

Total Parking Spaces

Garage Spaces

Zoning

3900

Building Description

Style

Fourplex

Property Type

Residential Income

Home Type

Apartment

Subtype

Multi Family

Year Built

1948

Sewers

PublicSewer

Roof Type

Flat

Architecture

Fourplex

Style

Fourplex

Property Type

Residential Income

Home Type

Apartment

Subtype

Multi Family

Year Built

1948

Sewers

PublicSewer

Roof Type

Flat

Architecture

Fourplex

Community

Neighborhood

OCEAN BEACH ADDN NO 3

County

Miami-Dade

Area Code

Subdivision

OCEAN BEACH ADDN NO 3

Neighborhood

OCEAN BEACH ADDN NO 3

County

Miami-Dade

Area Code

Subdivision

OCEAN BEACH ADDN NO 3

Taxes & Fees

Taxes

$33,824 /yr

Tax Year

2025

Financing Terms

Cash,Conventional,Exchange1031

HOA Fee

$0.00 /mo

Taxes

$33,824 /yr

Tax Year

2025

Financing Terms

Cash,Conventional,Exchange1031

HOA Fee

$0.00 /mo

Other

Virtual Tour Link

https://www.propertypanorama.com/instaview/mia/A11873913

Pets

Unspecified

Virtual Tour Link

https://www.propertypanorama.com/instaview/mia/A11873913

Pets

Unspecified

Kitwana Mbaya

Email: [email protected] Cell: 9545478923